Steve Jobs divests 45% of personal Apple shares
Steve Jobs just sold 45% of his company shares, according to the Register.
Apple Computer founder and CEO Steve Jobs sold 45 per cent of his Apple stock this week. Jobs sold 4.57m shares at a price of $64.66, netting him a cool $295m.
Here are some details on the trade at Yahoo! Finance.
The question is why? Is Steve seeing something we’re not? Will the Intel-based Macintoshes be flukes? Is Apple’s future as a company bleak? I mean when the chief executive of a company seemingly on the rise sells a huge chunk of company shares, that doesn’t forebode anything good.
Or perhaps Steve is planning to create yet a new startup, like what he did when he founded Pixar and NeXT after being ousted from Apple in the early 1990’s. Your guess is as good as mine.